AWM Investment Company Inc. Purchases 8,660 Shares of Citi Trends, Inc. (NASDAQ:CTRN)

AWM Investment Company Inc. raised its stake in shares of Citi Trends, Inc. (NASDAQ:CTRNFree Report) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 265,768 shares of the company’s stock after acquiring an additional 8,660 shares during the period. AWM Investment Company Inc. owned about 3.10% of Citi Trends worth $5,905,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. UBS Group AG grew its position in shares of Citi Trends by 25.6% in the first quarter. UBS Group AG now owns 3,964 shares of the company’s stock valued at $75,000 after purchasing an additional 807 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Citi Trends by 5.7% in the second quarter. Goldman Sachs Group Inc. now owns 16,068 shares of the company’s stock worth $284,000 after acquiring an additional 870 shares in the last quarter. Weiss Multi Strategy Advisers LLC grew its holdings in shares of Citi Trends by 1.6% during the first quarter. Weiss Multi Strategy Advisers LLC now owns 55,932 shares of the company’s stock valued at $1,713,000 after buying an additional 876 shares during the last quarter. Swiss National Bank increased its holdings in shares of Citi Trends by 4.6% in the 1st quarter. Swiss National Bank now owns 20,400 shares of the company’s stock worth $625,000 after purchasing an additional 900 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Citi Trends by 82.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,536 shares of the company’s stock worth $67,000 after buying an additional 1,144 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Fund 1 Investments, Llc bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average cost of $24.52 per share, with a total value of $49,040.00. Following the acquisition, the insider now owns 1,329,342 shares in the company, valued at $32,595,465.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have acquired 29,500 shares of company stock worth $700,995. Company insiders own 4.20% of the company’s stock.

Citi Trends Trading Up 5.6 %

CTRN stock traded up $1.63 on Thursday, hitting $30.73. The company had a trading volume of 111,859 shares, compared to its average volume of 57,802. The stock has a market cap of $262.43 million, a price-to-earnings ratio of -28.56 and a beta of 2.38. Citi Trends, Inc. has a 12-month low of $14.20 and a 12-month high of $31.19. The stock’s 50-day simple moving average is $28.09 and its 200 day simple moving average is $24.92.

Citi Trends (NASDAQ:CTRNGet Free Report) last issued its quarterly earnings data on Tuesday, November 28th. The company reported ($0.56) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.39). The business had revenue of $179.52 million during the quarter. Citi Trends had a negative return on equity of 5.18% and a negative net margin of 1.20%.

About Citi Trends

(Free Report)

Citi Trends, Inc operates as a value retailer of fashion apparel, accessories, and home goods. It offers apparel, such as fashion sportswear and footwear for men and ladies, as well as apparel for kids, including newborns, infants, toddlers, boys, and girls; sleepwear, lingerie, and scrubs for ladies; and kids uniforms and accessories.

See Also

Institutional Ownership by Quarter for Citi Trends (NASDAQ:CTRN)

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